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Assembly Bill A8455

2017-2018 Legislative Session

Prohibits regional off-track betting corporations from making payments to tracks

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Archive: Last Bill Status - In Assembly Committee

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2017-A8455 (ACTIVE) - Details

See Senate Version of this Bill:
S6667
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1017, RWB L

2017-A8455 (ACTIVE) - Summary

Prohibits regional off-track betting corporations from making payments to tracks.

2017-A8455 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8455
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 16, 2017
                                ___________
 
 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
   tee on Racing and Wagering
 
 AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
   relation to maintenance of effort by  off-track  betting  corporations
   accepting wagers on out-of-state or out-of-country races

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph a of subdivision 2 of section 1017 of the racing,
 pari-mutuel wagering and breeding law, as amended by chapter 174 of  the
 laws of 2013, is amended to read as follows:
   a.  Maintenance  of  effort.  Any  off-track betting corporation which
 engages in accepting wagers on the simulcasts of thoroughbred races from
 out-of-state or out-of-country as permitted  under  subdivision  one  of
 this  section shall submit to the commission, for its approval, a sched-
 ule of payments to be made in any year or  portion  thereof,  that  such
 off-track corporation engages in nighttime thoroughbred simulcasting. In
 order  to  be  approved  by  the commission, PRIOR TO JANUARY FIRST, TWO
 THOUSAND EIGHTEEN, the payment schedule shall be identical to the actual
 payments and distributions of such payments to tracks and purses made by
 such off-track corporation pursuant to the  provisions  of  section  one
 thousand  fifteen  of  this article during the year two thousand two, as
 derived from out-of-state harness races displayed after 6:00 P.M. ON AND
 AFTER JANUARY FIRST, TWO THOUSAND EIGHTEEN NO SUCH PAYMENTS AND DISTRIB-
 UTIONS OF PAYMENTS SHALL BE MADE TO TRACKS FROM ANY  REGIONAL  OFF-TRACK
 BETTING  CORPORATION  IN  WHICH  A  TRACK IS WHOLLY CONTAINED; PROVIDED,
 FURTHER, THAT ON AND AFTER JANUARY FIRST, TWO THOUSAND  TWENTY  NO  SUCH
 PAYMENTS  AND  DISTRIBUTIONS  SHALL BE MADE TO TRACKS FROM ANY OFF-TRACK
 BETTING CORPORATION.   If approved by  the  commission,  such  scheduled
 payments  shall  be  made  from  revenues  derived from any simulcasting
 conducted pursuant to this section and section one thousand  fifteen  of
 this article.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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